Portrait of Calvin Schnure

Calvin Schnure is Nareit’s senior vice president, research & economic analysis. He analyzes developments in the macro economy and their impact on REITs and commercial property markets, and on financial returns to REITs.

REITs and the Pandemic: A Closer Look at the Last 12 Months
Market Commentary
Kyle Gustafson Feb. 23 2021

The last 12 months have seen high levels of volatility and sharp swings in sentiment.

REITs Declined Last Week, Reversing Part of Recent Gains
Market Commentary
Kyle Gustafson Feb. 22 2021

REIT share prices declined last week, reversed a part of their recent gains, with the FTSE Nareit All Equity REITs recording a total return of -0.9%

REITs Continue Strong Performance in 2021
Market Commentary
Kyle Gustafson Feb. 16 2021

This is the fourth week out of the past five that REITs have gained more than 1%, and last week’s increase put REITs up 4.8% for the first six weeks of the year.

Falling Demand for CRE Impacts Vacancies, Rents in Fourth Quarter
Market Commentary
Kyle Gustafson Feb. 2 2021

The pandemic left a deep mark on commercial real estate in the fourth quarter as falling demand for leased space led to a rise in vacancy rates across most property types, and rents declined.

REITs Down Slightly During a Tumultuous Week
Market Commentary
Kyle Gustafson Feb. 2 2021

The FTSE Nareit All Equity REITs index posted a total return of -0.7%, compared to a 3.4% loss on the Russell 1000. 

GDP Trends Show Risks, Opportunities Ahead
Market Commentary
Kyle Gustafson Jan. 29 2021

Trends in the composition of major components of the U.S. economy are the complete reverse of past recessions.

REIT Total Returns in Positive Territory YTD
Market Commentary
Kyle Gustafson Jan. 25 2021

Total returns for the FTSE Nareit All Equity REITs index moved into positive territory last week, with a 1.2% weekly gain.

REITs Rebounded in Second Week of New Year
Market Commentary
Kyle Gustafson Jan. 21 2021

REITS rebounded in the second week of 2021, with a 1.9% total return on the FTSE Nareit All Equity REITs index that reversed most of the decline in the prior week.

REITs Declined in Opening Week of 2021
Market Commentary
Kyle Gustafson Jan. 12 2021

REITs declined in the opening week of 2021, with a -2.4% total return on the FTSE Nareit All Equity REITs index.